STATEMENTS OF COMPREHENSIVE INCOME FORTHE FINANCIALYEAR ENDED 31 DECEMBER 2021 Group Company Note 2021 2020 2021 2020 RM’000 RM’000 RM’000 RM’000 Continuing operations Revenue 6 2,259,698 2,184,463 254,579 127,085 Cost of sales (2,098,744) (2,016,920) - - Gross profit 160,954 167,543 254,579 127,085 Other operating income 7 9,897 1,566 28,923 117 Selling and distribution expenses (28,293) (26,101) - - Administrative expenses (66,106) (62,374) (22,336) (21,584) Impairment of investments in subsidiaries 20 - - - (27,362) (Impairment)/reversal of impairment of financial assets, net 8 (1,635) (6,565) (13,433) 419 Reversal of impairment of non-financial assets 17,18,19 16,427 11,775 - - Other operating expenses (7,682) (14,232) - - Other gains/(losses), net 9 41,998 (2,816) - - Profit from operations 125,560 68,796 247,733 78,675 Finance income 10 2,587 3,835 - - Finance costs 10 (47,045) (36,784) (42,387) (28,909) Profit before zakat and taxation 11 81,102 35,847 205,346 49,766 Zakat 13 (1,000) (1,486) - - Taxation 14 (43,487) (30,498) (4,451) (2,448) Profit for the financial year from continuing operations 36,615 3,863 200,895 47,318 Discontinued operations Profit/(loss) from discontinued operations, net of tax 16 88,738 (75,091) - - Profit/(loss) for the financial year 125,353 (71,228) 200,895 47,318 Other comprehensive income/(loss): Items that may be subsequently reclassified to profit or loss Currency translation difference 143 (536) - - Cash flow hedges 5,542 (4,241) 5,542 (4,241) 5,685 (4,777) 5,542 (4,241) Total comprehensive income/(loss) for the financial year 131,038 (76,005) 206,437 43,077 WHO WE ARE STATEMENT & DISCUSSION BY OUR LEADERS HOWWE OPERATE MSM Malaysia Holdings Berhad ANNUAL INTEGRATED REPORT 2021 276
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